Kimberly Clark Raises Outlook as Adjusted Q2 Earnings Beat the Street (KMB)

By Staff,

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Personal hygiene products maker Kimberly Clark Corp. ( KMB ) on Thursday posted second quarter earnings that beat Wall Street's view and lifted its full-year guidance.

The Dallas-based company reported second quarter net income of $498 million, or $1.26 per share, compared with $408 million, or $1.03 per share, in the year-ago period. Excluding special items, adjusted profit was $1.30 per share.

Revenue rose slightly from last year to $5.27 billion.

On average, Wall Street analysts expected a lower profit of $1.28 per share, on nearly matching revenue of $5.28 billion.

Looking ahead, KMB said it now expects full-year earnings of $5.05 to $5.40 per share, up from a prior outlook of $5 to $5.15.

Kimberly Clark shares rose 60 cents, or +0.7%, in premarket trading Thursday.

The Bottom Line
We have been recommending shares of Kimberly Clark ( KMB ) since July 23, 2009, when the stock was trading at $54.46. The company has a 3.55% dividend yield, based on last night's closing stock price of $83.40.

Kimberly Clark Corp. ( KMB ) is a "Recommended" dividend stock, holding a DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Stocks
Referenced Stocks: KMB

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